Explanation:
Section 1: No outside influences! Only citizens ***who are eligible to vote in a particular race*** may contribute to that race. For example, some billionaire in Texas would be prohibited from donating to a race for Senator in Illinois.
Section 2: No large contributions-- period! The current minimum wage is $7.25/hour, 4 times that wage is $29. Thus the Amendment limits contributions to $29 per year per candidate (although you can give to as many candidates as you wish). The Amendment even limits how much rich candidates can give to their own campaigns. The goal of the Amendment is to eliminate the class of large donors who, today, get special treatment from elected officials. Is four times the minimum wage too low? Maybe Congress should raise the minimum wage!
Section 3: The press, which is paid to report, may report on candidates but only so long as their reporting qualifies as "impartial analysis" rather than merely paid advocacy. The press may also publish opinions of people not connected with the publication, i.e., op-ed pieces, but only so long as the press is not paid to publish opinions that advocate for or against specific candidates.